As an economist I am finding the statistics on covid-19 frustrating. 227,300 people have died with Covid-19 as of this morning. According to the statistics from New York that are reported on the Worldometer site, 75 percent of those who died will have had pre-existing conditions including Diabetes, Lung Disease, Cancer, Immunodeficiency, Heart Disease, Hypertension, Asthma, Kidney Disease, and GI/Liver Disease. A further 14 percent of them were over 75 years old when they died, even though they didn't have pre-existing conditions. That makes it 89 percent of people who are at quite high risk of death in a given year anyway, right? So has anyone run the numbers on how many would've died anyway? Without a counterfactual a pure count of deaths is meaningless from a policy perspective.